splitmuch wrote:antonin wrote:I am slightly new in the admission process, so I am wondering, when do we receive our financial aid package. I am not talking about scholarships and stuff, but is there not a package where it mentions how many federal loans we get, how many of that we get etc.
I got an email about 10 days after admission. You'll get whatever stafford amounts FAFSA says you qualify for and the rest in PLUS loans (unless you have a history of loan defaulting).
EDITL Also believe you can borrow up to 77 and change this year (yikes that's high)
But that includes some things that many won't need such as $2,000 for a laptop, ~$2500 for health care (though I guess at NU more students will need that since many are over 26), $1,600 for transportation (which includes a year long CTA pass, but probably is meant for trips home for holidays and for students with cars). Those are numbers from last year, but there was over $6000 that could easily be done without. It varies from student to student though obviously